The bond-stock mix: a new insight

Abstract : This paper studies the impact of consumption on the bond-stock mix. Contrary to the previous literature, we consider an investor who is more risk averse towards consumption than towards wealth. We obtain, compared to the previous results, different behavior for the speculative and hedging demands of stocks and of bonds, as well as for the optimal bond to stock ratio.
Type de document :
Communication dans un congrès
28th International Conference of French Finance Association, May 2011, Montpellier, France
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https://hal-rbs.archives-ouvertes.fr/hal-00659318
Contributeur : Sandrine Palmer <>
Soumis le : jeudi 12 janvier 2012 - 15:23:51
Dernière modification le : lundi 18 mai 2015 - 12:55:09

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  • HAL Id : hal-00659318, version 1

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Sami Attaoui, Pierre Six. The bond-stock mix: a new insight. 28th International Conference of French Finance Association, May 2011, Montpellier, France. 〈hal-00659318〉

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